Hinckley v. Commissioner
United States Board of Tax Appeals
A one-third interest in the Hinckley Beach Canning Co., a partnership, stood in petitioner's name. One-half of the amount required for the acquisition of that interest was the separate property of the petitioner's wife. She may report, therefore, in her separate return, one-half of the profit realized on the sale of the partnership's assets, all of the which was charged to the petitioner by the Commissioner.
1Opinion of the Court
RALPH L. HINCKLEY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Hinckley v. Commissioner
Docket No. 4193.
United States Board of Tax Appeals
6 B.T.A. 312; 1927 BTA LEXIS 3542;
February 26, 1927, Promulgated
A one-third interest in the Hinckley Beach Canning Co., a partnership, stood in petitioner's name. One-half of the amount required for the acquisition of that interest was the separate property of the petitioner's wife. She may report, therefore, in her separate return, one-half of the profit realized on the sale of the partnership's assets, all of the which was charged to the…
2Cases cited1 opinion
- Hinckley v. CommissionerUnited States Board of Tax Appeals · 1927